Quartrix Review – Is This A Good Opportunity Or Big Scam?
You may have noticed that Quartrix is getting a lot of hype and attention these days.
You might have had some friends in Network Marketing approach you about Quartrix, or you may have seen it on social media.
I want to let you know, first of all, that I am NOT promoting Quartrix as my own business opportunity. I am not an affiliate or distributor.
I have gathered here all the facts about Quartrix in my Quartrix Review – now you can learn all you need to know about it.
Is Quartrix really a legit business?
Is Quartrix a safe business to join?
Let me show you in my review of Quartrix.
Get started by reading my review below.
Exactly What Is Quartrix?
The Quartrix website (quartrix.com) was first registered on the 23rd September 2016. Despite offering a complex investment product, the website registration details are set private and there is no information on the website detailing who is responsible for the operation of the company. The only clues that answer the question of ownership come from the company’s facebook page, which names Richard Morrison as running the day-to-day operations of the company.
Quartrix was originally known as ‘My BitCoin Life’, a ponzi scheme dealing with BitCoin payments that failed fairly soon after its inception, with a facebook post from the 21st September saying,
“Ok folks, I’ve come out of a meeting with John and we have come to the conclusion that MBL is not working. People don’t seem to be promoting it or the program is not simple enough we are not sure. It could be a combination of both factors and it probably is. So as of from now MBL is closing its doors.’
A post the following day heralded the arrival of their new company, ‘Quartrix’,
‘In a few days we will roll out our next BTC builder programme. We will offer full transparency of positions (viewable), powerful re-entry plan and direct bitcoin wallet transactions.’
On September 24th the facebook groups name was changed from My BitCoin Life to Quartrix.
Morrison has dealings with a variety of other MLM opportunities, but his profile through which he promotes these plans was only setup in April, which makes it seem very much like a fake account used purely for these schemes.
What Is The Quartrix Product Line?
There are no products or services available for retail through Quartrix. Affiliates are required to recruit new affiliate members to the company.
What Can You Tell Me About The Compensation Plan For Quartrix?
Quartrix uses a four-tiered 1×3 matrix cycler within which affiliates purchase positions for $20. The matrix works by placing you, as a new affiliate, in a position at the top. Three positions are created directly beneath you, and these three positions are called your level 1. Once these three positions have been purchased by other affiliates, your position will ‘cycle’ and you will be paid a commission as well as gaining a position in the next level of the structure. Once all positions have been filled, the payouts for each level work in the following way:
- First Matrix – Each position costs $20. Your position will cycle into the second Matrix as well as generating a new First Matrix position
- Second Matrix – You will earn a $20 commission, your position will cycle into the third matrix as well as generating a new Second Matrix position
- Third Matrix – You will earn a $40 commission, your position will cycle into the fourth matrix as well as generating a new Third Matrix position
- Fourth Matrix – You will earn a $160 commission and a new Fourth Matrix position will be generated.
What Will It Cost To Join Quartrix?
You will become an affiliate member of Quartrix upon the purchase of your first $20 position in a matrix.
Is Quartrix A Scam?
If you have heard that Quartrix is a scam, then you’ve come to the right place to find out the truth.
What’s the truth – is Quartrix a scam?
I would say not exactly. However, there are some things to be aware of before joining, which I have detailed in the conclusion.
You will only be successful by recognizing the weaknesses and finding a way to move past them.
Conclusion For My Quartrix Review
The claims made by Quartrix of earning potentials are definitely exciting if you believe they can ever be achieved. They say that,
‘Innovative matrix design to make $20, $40 and $160 over and over, over and over, over and over again. Turn $20 into thousands’
Well, this would be nice were it true, but there’s no way they can continue to guarantee the returns that they are promising. Simply ask the question of where this money is coming from to sustain these returns. The answer, simply, is from the position purchases made by new affiliates. There are no products being sold to generate income into the system, so it is all coming from other affiliates. This is the definition of a Ponzi scheme, where people make returns on the investments of others who join with the same promised returns.
This relatively simple idea, when you boil it down to the basics, means that Quartrix will fall foul of the same problems that all Ponzi schemes inevitably face (and is the reason why they are illegal). While the owners and early members of a scheme may have a chance of making a profit from their involvement, the majority of people will not. These plans only work when there is a constant flow of new members paying in- something that cannot go on forever. When the inevitable slowdown of new members starts happening, funds within the scheme will reduce and so will the payouts. This has a compounding effect because, upon seeing that their return is significantly decreasing, current members will be unlikely to invest any further into the scheme (or recruit new members) and things will start slowing down even more until the whole thing collapses. When this happens there will be no further payments and anyone who hasn’t been ale to turn a profit never will.
It is even more tricky with Quartrix because all payments are made through BitCoin, which is totally untraceable. Richard Morrison and his friends will hold all of the profitable positions and, when the company fails, vanish with all the funds with no way to track them down.
The figures being offered through Quartrix may be tempting, but they are simply not sustainable. The company is being secretive about its operations (even the supposed owner Richard Morrison seems to be a fake name) and deceitful about the earning potential an affiliate could expect to see. There are many more opportunities out there and it would be wise to skip this one and move on to the next- preferably one that is open and transparent about what they are doing- with a product for sale to supplement the promised payouts.
I definitely hope you have found value in my Review of Quartrix.
I went into a lot of detail so that you can make a proper decision about whether you want to join or not.
If you do decide to proceed with Quartrix, make sure you take the time to learn how to market yourself!
My training below can help you with that.